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. On June 30, 2020, Sarasota Company issued $3,493,000 face value of 14%, 20-year bonds at $4,018,560, a yield of 12%. Sarasota uses the effective-interest

. On June 30, 2020, Sarasota Company issued $3,493,000 face value of 14%, 20-year bonds at $4,018,560, a yield of 12%. Sarasota uses the effective-interest method to amortize bond premium or discoun...

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